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Advocates of higher salaries for teachers point out that most teachers have college degrees and that teaching children is an important job.
A.) Why aren't teachers salaires higher, given the importance of the job and the education required?
B.) Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household?
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
An rise in a firms expected growth rate would normally cause the firms required rate of return. which of the following statements is most correct.
Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have the firm's AFC (average fixed cost), AVC (average variable cost), ATC (average tota..
Evaluate the following statement: "I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary (everyone is paid according to a set schedule and their remuneration cannot be adjusted by..
Some of the fields have large enough quantities of both oil and natural gas that coordination must achieved for the production of both rather than oil alone.
Several of you made strong arguments in the Unit 1 Threaded Discussions supportive of reviewing and revising our compensation packages. Performance based rewards seem to be a popular preference.
The types of machines that are used to make stained glass windows in the 21st century and the prices of each machinery.
Ryan Witz sells vacuum cleaners door-to-door. After showing Mrs. Davis several models and demonstrations, Ryan can tell she is hesitant but interested. Which trial closing is Ryan likely to use to ensure a sale
Could anyone find out how the Consumer Price Index (CPI), the primary measure of inflation used by the government, is calculated. Why might this method not reflect the real cost of living increase for the average person.
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
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